Looking at the current price direction we can clearly see were in a rising market,Ill be looking for the candle to respect the trend line @1.77255 and set my TP between the green zone.
clean 50 PIPS.
Nice rising wedge here I’ll be looking to enter at 0.55635 , I expect a fall below the trend but close within and continue to climb to my 1st TP 0.55766 and put 50% profit back in once consolidated to the trend line
Looking at the chart you can see the price at the daily resistance level (1.63300) were its rejected twice from here and indicates a likely reversal.
Hopefull or stupid ill soon find out but im expecting a drop to 1.61050 if no support is found at this level expect this to plummet and retest 1.57250 area.
If you go over the the 4hr youll see again a double top...
Potential 190 pips here
closing on the trend line and previous S/R ill be watching this one close to the support (1.11280) looking for a clean bounce off targeting 1.13280.
Flip side if this fails to comfirm a buy and falls below previous support highlighted in green once comfirmed a nice rejection down to 1.08280. looking around 300 pip
Hello and good evening,
I always start my analysis looking at the daily to see if i can spot support and resistants and also trend lines.
cleary showing usd/chf has followed and held above the trend line from 15feb-3june where it finally broke and retested the support(0.99550) before breaking and hitting the falling trend perfectly.
Here ill be closly watching...